Fri, 01 Aug 2014 08:31:10 GMT
Pound retreats the most in a month since May 2013
The
Sterling experienced its biggest monthly depreciation versus the
Dollar since May 2013 as omens of the growth in the U.S. economy
fueled expectations for increased Fed interest rates. The Pound
slipped 0.2% to $1.6884 prolonging its monthly decline to 1.3%. The
Sterling also weakened 0.1% to 79.28 pence per euro, reducing the
gain in July to 1%.